

June 28,2021
Post Coinbase Exit, Andreessen Horowitz Doubles Down on Crypto With New 2.2 Billion Fund
Last Thursday, Andressen Horowitz cemented its support for the crypto industry with the launch of a massive new crypto-focused fund called Crypto Fund III. The $2.2 billion Crypto Fund III will be among the largest capital commitments to the crypto ecosystem in history, and roughly four times the size of the firm's second cryptocurrency fund a year ago. The fund will be co-lead by Andressen Horowitz partners, Chris Dixon and Katie Haun.
Andreessen Horowitz also introduced several new advisers to the crypto team, who are meant to help "translate crypto to the mainstream" and perhaps navigate future regulation over the crypto market. Tomicah Tillemann, the former chair of the Global Blockchain Business Council and an adviser to the White House, will join as global head of policy. Two others with government experience Bill Hinman, the former director of the Securities and Exchange Commission's Division of Corporation Finance, and Brent McIntosh, former undersecretary of the Treasury for International Affairs will also join as advisers. Anthony Albanese, who left the New York Stock Exchange last year to take a role on Andreessen Horowitz's crypto team, will now serve as chief operating officer.
In 2013, Andressen Horowitz took a bet on crypto by leading the first funding round for a little-known cryptocurrency exchange called Coinbase. The company pledged to be the financial exchange of the future. Eight years later, the investment has paid off. In April, Coinbase became the first major crypto company to go public and did so in spectacular fashion. Coinbase closed its first day of trading at $328.28 a share, putting its value at $85.8 billion, making it Andreessen Horowitz's biggest exit yet.
After such a phenomenal exit, Andressen Horowitz has chosen to double down on crypto and roll some of their profits into a new gigantic fund. Andreessen Horowitz announced on Thursday its third crypto-focused fund for the "next generation of visionary crypto founders."
Andreessen Horowitz said in a press release about the fund, "The largest crypto fund ever raised to date, Crypto Fund III is a validating moment for the ecosystem and another sign that crypto becoming an ever more mainstream part of our financial infrastructure." Let's hope this statement and the creation of Crypto Fund III serve as the dime light at the end of the tunnel of this major market correction.
June 21,2021
Elon to Start Accepting Bitcoin for Teslas Again Once Bitcoin Mining Goes 50% Green

June 21,2021
B-Cube Rolls Out Suite of New Features Following Successful ICO
It's been a few months since we last covered b-cube, but we wanted to share an update on one of our favorite up-and-coming projects in the crypto-trading niche. b-cube.ai is an AI-powered trading bot platform democratizing access to top-tier AI-trading tools. They completed a successful public token sale in March and have been on a tear adding new features and functionality to their platform. We wanted to take a minute to discuss some of the new announcements and features they're launching:
B-Cube Staking & Tokenomics:
The b-cube team has built-in some innovative utility into their BCUBE token. Users will have the ability to lock up their tokens for a given period on the b-cube platform to earn APY. Users that stake their tokens will also be granted free b-cube bots trading courses and other products depending on their amount staked. Token holders will also benefit from profit sharing from the B2B side of b-cube's business. When hedge funds pay b-cube to build them custom trading bots, a percentage of the proceeds will be distributed back to BCUBE token holders.
Burning Program:
A percentage of the tokens collected for payment of the services and products on the platform will be burned. 100% of the payments received in BCUBE directly will be burned from August 2021 to August 2022 & 25% of the FIAT payments received for our bots and services will be used to buy BCUBE tokens by the company and will be burned. The b-cube team hopes to reduce the supply of b-cube tokens by 50% within one year time.
New Trading Bots:
The b-cube team is getting ready to release 10 trading bots on their platform. While these bots are new to the public, they have already been hard at work building successful track records. Their results are already available on the site.
DEX Integration:
B-cube makes it easy to integrate your bot with leading exchanges like Binance, FTX, Kucoin, and BitMEX, however, they are now rolling out DEX integration. You will be able to add APIs to leading DEX's like Uniswap, but don't worry about trading fees.. trading fees are aggregated by the b-cube algorithm and one gas fee can be shared by up to 120 users. Trading fees are also covered by the b-cube so there is no need to worry about trading frequency.
Defi Stake & Trade:
No longer will you have to choose if you want to trade crypto or stake it. Defi stake & trade is one of the most innovative features we have seen in a crypto project. b-cube has partnered with MontraDAO to allow you to stake your defi tokens and automatically unlock your tokens when your bot finds you a trading opportunity. In Q1 2022, you will be able to earn while staking and benefit from AI-powered trading at the same time!
We are excited to watch this project unfold and bring AI-powered trading to the masses. If you are interested in purchasing the b-cube token you can find it on Uniswap, or find more information here.

June 21,2021
BitDAO Launches After $230M Private Sale Round
There's a new decentralized autonomous organization on the block.
BitDAO has launched after a $230M private funding round featuring over 20 institutional investors and DeFi partners, already making it one of the world's largest DAO's. The round saw participation from Peter Thiel, a billionaire entrepreneur and co-founder of Paypal, Alan Howard, Dragonfly Capital, Fenbushi, Founders Fund, Jump Capital, Pantera Capital, and more.
In addition to the funding, Bybit, one of the largest crypto derivatives trading platforms, has pledged to contribute 2.5 basis points from all of its futures contracts transaction volume as recurring support for the BitDAO treasury. Based on 2021 numbers, this could amount to roughly $1B annually.
BitDAO aims to improve adoption, collaboration, and innovation within DeFi. Through the BitDAO treasury, the organization will support new and existing DeFi protocols with funding, R&D, and liquidity. The holders of BDAO, BitDAO's governance token, will be given the opportunity to vote on where this capital is allocated. The BDAO token is pegged to the value of Bitcoin but BitDAO has plans to launch additional pegs. The DAO's utilizes a multi-chain design to counteract the potential downsides of centralized pegged tokens.
The fresh capital, and future inflows, will fund new DeFi initiatives through BitDAO's grant program and help existing protocols with liquidity using token swaps. Another key objective is to attract talent. BitDAO has plans to employ hundreds and launch development and research centers posed to tackle some of the pressing technical problems facing DeFi.
This is exciting news for the DeFi space. For the past few years, DeFi has had the attention of major VCs, both crypto and non-crypto. Taking a decentralized approach to support the long-term growth of the industry is only fitting.

June 14,2021
Ledger Raises a Massive $380M at a $1.5B Valuation

June 12,2021
El Salvador Becomes First Country To Embrace Bitcoin As Legal Tender

June 07,2021
Recapping The Biggest Bitcoin Week Ever In Miami
June 07,2021
GemStarter Introduces Ground-Breaking Cross-Chain Ecosystem Synaps Network

May 31,2021
Carl Icahn, Latest Billionaire-Flipped-Bitcoiner - Eyes $1.5B Investment

May 31,2021
USDC Parent, Circle Closes $440M Funding Round, Largest in Blockchain History

May 25,2021
Bitcoin is Helping Us Transition to Clean Energy Faster

May 25,2021
Injective Protocol Raises $10M From Mark Cuban, Pantera, BlockTower & More

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